FIHFX vs. FBALX
Compare and contrast key facts about Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Balanced Fund (FBALX).
FIHFX is managed by Fidelity. It was launched on Oct 2, 2009. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHFX or FBALX.
Key characteristics
| FIHFX | FBALX | |
|---|---|---|
| YTD Return | 12.87% | 14.93% |
| 1Y Return | 21.57% | 22.41% |
| 3Y Return (Ann) | 4.36% | 6.17% |
| 5Y Return (Ann) | 8.87% | 11.79% |
| 10Y Return (Ann) | 8.11% | 9.86% |
| Sharpe Ratio | 2.21 | 2.33 |
| Daily Std Dev | 9.50% | 9.32% |
| Max Drawdown | -28.42% | -42.81% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FIHFX and FBALX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIHFX vs. FBALX - Performance Comparison
In the year-to-date period, FIHFX achieves a 12.87% return, which is significantly lower than FBALX's 14.93% return. Over the past 10 years, FIHFX has underperformed FBALX with an annualized return of 8.11%, while FBALX has yielded a comparatively higher 9.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIHFX vs. FBALX - Expense Ratio Comparison
FIHFX has a 0.12% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FIHFX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Balanced Fund (FBALX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FIHFX vs. FBALX - Dividend Comparison
FIHFX's dividend yield for the trailing twelve months is around 2.01%, less than FBALX's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 2.01% | 2.10% | 2.14% | 1.93% | 2.15% | 16.14% | 2.21% | 1.81% | 1.95% | 2.03% | 3.37% | 0.16% |
FBALX Fidelity Balanced Fund | 2.16% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
FIHFX vs. FBALX - Drawdown Comparison
The maximum FIHFX drawdown since its inception was -28.42%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FIHFX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FIHFX vs. FBALX - Volatility Comparison
Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Balanced Fund (FBALX) have volatilities of 2.93% and 2.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.